Investment23 Dec 2025, 06:01 pm
Jio Financial Services Invests Rs. 50 Crore in Wholly Owned Subsidiary Jio Leasing Services
AI Summary
Jio Financial Services Ltd. has invested Rs. 50 crore in Jio Leasing Services Limited (JLSL), a wholly owned subsidiary. The investment was made through the subscription of 5,00,00,000, 8.1% Optionally Convertible Preference shares of Rs. 10/- each for cash at par. The funds will be utilized by JLSL for its business operations. This brings the total investment by the Company in JLSL to Rs. 120.05 crore. The transaction is a related party transaction, made on an arm's length basis, and does not involve any interest from the Company’s promoter / promoter group / other group companies. No governmental or regulatory approval was required for the transaction.
Key Highlights
- Jio Financial Services invests Rs. 50 crore in its wholly owned subsidiary, Jio Leasing Services Limited
- Investment made through subscription of 8.1% Optionally Convertible Preference shares
- Funds to be utilized for business operations of Jio Leasing Services
- Total investment by the Company in Jio Leasing Services now stands at Rs. 120.05 crore
- Transaction is a related party transaction, made on an arm's length basis